Aztec Money Is Changing The Face Of International Trade

Accra, 12th December Aztec Money, one of Europe's most exciting finance companies, is leveraging breakthrough technological solutions to provide global alternatives to traditional forms of finance, and is expanding its local support network into Ghana and a cross-section of other countries across the African continent.

By allowing suppliers to sell their invoices outright via an online marketplace which allows them to dictate their own terms, Aztec Money has the ability to process $30bn of trade receivables annually.

Access to funds is one of the most pervasive hurdles facing trade suppliers today. In the wake of the global financial crisis, businesses seeking traditional forms of finance have been faced with stricter underwriting, increased uncertainty regarding their applications for funding and sometimes higher financing costs, as banks tighten lending standards to protect capital. As credit lines remain constricted, corporates in all industries are facing the challenge of ensuring continuity of supply of goods and services. Organizations worldwide are seeking practical solutions to assist their supply base with access to finance.

Accessed in Ghana via the portal www.aztecmoney.com.gh, Aztec Money has developed a pioneering platform to address this problem by changing the way trade suppliers and investors do business. Taking advantage of the access to all corners of the globe offered by today's ICT networks, Aztec Money is creating new opportunities for suppliers and investors to bridge fiscal and geographic barriers and connect across the Internet.

Through its cloud-based online marketplace, Aztec Money allows trade suppliers to raise working capital by selling their outstanding invoices to a broad investor base of banks, institutional asset managers and high net worth individuals.

Aztec connects predominantly non-Bank Investors such as Asset Managers with suppliers, and as companies sell invoices, rather than borrowing against them, this removes the need for credit scoring, lending limits, or personal guarantees.

The service is catered to a broad customer base, connecting Small and Medium scale Enterprises (SMEs) with a diversity of financing options and, via Aztec Money's dedicated corporate programs, enabling Multinational corporations to fund their supply chain without any additional costs or investments in technology. By providing access to an alternative path to financing, Aztec helps fill the funding gap by offering businesses a stable, transparent, and secure substitute to bank financing.

In contrast to other purely automated services which lack a human touch, Aztec Money offers a global
network of employees that can liaise with suppliers in emerging markets. Transactions take place online, with support available from Aztec's multilingual teams in Asia, Africa, the Americas, and Europe. In addition, the fact that the system is cloud-based facilitates low cost global deployment. These factors provide Aztec with the ability to process $30bn of trade receivables annually.

Kwabena Donkor, Vice President of Business Development in Ghana said "in emerging markets such as those on the African continent, acquiring the necessary documentation to comply with internal bank policy can be a painful and drawn-out process. Emerging market suppliers are therefore among those most in need of finance and often the most difficult for the corporate debtor to source.

The paradigm shift which the Aztec Money platform provides allows suppliers access to funding based on the creditworthiness of the corporate debtor they sell to, rather than on the strength of their own balance sheet".

By allowing suppliers to sell their invoices outright via an online marketplace, on terms of their own

choosing, Aztec Money is transforming the availability of trade and export funding across the globe. With employees on the ground in countries as diverse as Ghana through to Bangladesh and with access to a significant pool of liquidity, Aztec Money is perfectly positioned to fund the suppliers of multinational corporations on a global scale and further revolutionize the international financing sector.

Key Points:
• Aztec Money allows trade suppliers to raise working capital by selling their outstanding invoices to

a broad investor base of banks, institutional asset managers and high net worth individuals.

• Multinational corporations can fund their supply chain without any additional costs or investments

in technology, through Aztec Money's dedicated corporate programs.

• Suppliers receive localized support from Aztec Money's personnel across Asia, Africa, the Americas,

and Europe. Backed by this technology and support, a supplier can register on the platform, be approved, and sell their outstanding invoice in a matter of days.

• Aztec Money undertakes all supplier on-boarding, confirmation of invoices and transaction

administration.
Contact Person: Kwabena Donkor, VP of Business Development

Website: www.aztecmoney.com.gh
Contact Email: [email protected]